WARSAW, Ind., Oct. 20, 2016 /PRNewswire/ -- Zimmer Biomet
Holdings, Inc. (NYSE and SIX: ZBH), a global leader in musculoskeletal healthcare, today announced an exclusive agreement with
Nextremity Solutions, Inc. to globally distribute the company's foot and ankle deformity correction products. The financial terms
of the transaction were not disclosed.
"We're excited to expand the clinical capabilities of our foot and ankle portfolio with Nextremity Solutions' deformity
correction products," said Brad Quick, General Manager of Zimmer Biomet Foot and Ankle. "The
agreement helps advance our commitment to provide customers with the broadest range of cutting-edge technologies and strengthens
our position in the $2 billion foot and ankle market."
Nextremity Solutions designs and manufactures the following procedure-ready, sterile implant systems for the correction of
foot and ankle pathologies, which will be globally distributed by Zimmer Biomet:
- Nextra® Hammertoe Correction System, the industry's only adjustable two-piece hammertoe implant.
- MSP™ Metatarsal Shortening System, an osteotomy guide and implant in one. The innovative design provides precision and
stability for metatarsal shortening procedures.
- Re+Line® Bunion Correction System, a unique, low profile tension-band compression plate designed for performing
precise, repeatable bunion correction surgery.
- ArcusTM Staple System, an arc-styled staple design that provides greater and more uniform compression than
conventional staples[1].
"The agreement with Zimmer Biomet allows us to expand the reach and influence of our forefoot portfolio by leveraging the
commercial capabilities of a global musculoskeletal healthcare leader," said Rod K. Mayer,
President and Chief Executive Officer of Nextremity Solutions, Inc. "Our partnership with Zimmer Biomet enables us to focus on
our current strategy of working with our surgeon partners to deliver innovative solutions that help advance the standard of care
in the foot and ankle market with speed, efficiency and excellence."
About Zimmer Biomet
Founded in 1927 and headquartered in Warsaw, Indiana, Zimmer Biomet is a global leader in
musculoskeletal healthcare. We design, manufacture and market orthopaedic reconstructive products; sports medicine, biologics,
extremities and trauma products; office based technologies; spine, craniomaxillofacial and thoracic products; dental implants;
and related surgical products.
We collaborate with healthcare professionals around the globe to advance the pace of innovation. Our products and solutions
help treat patients suffering from disorders of, or injuries to, bones, joints or supporting soft tissues. Together with
healthcare professionals, we help millions of people live better lives.
We have operations in more than 25 countries around the world and sell products in more than 100 countries. For more
information, visit www.zimmerbiomet.com or follow
Zimmer Biomet on Twitter at www.twitter.com/zimmerbiomet.
About Nextremity Solutions
Founded in 2010, Nextremity Solutions, Inc. is a privately held medical device company offering innovative solutions and
approaches to foot and ankle surgical intervention. The Company's procedure-ready, sterile implant systems for the correction of
foot and ankle pathologies include uniquely precise, proprietary technology designed to achieve repeatable and superior clinical
outcomes. Nextremity Solutions, Inc. continues to develop and introduce new, innovative products to the foot and ankle market.
For more information, visit nextremitysolutions.com.
Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements concerning
Zimmer Biomet's expectations, plans, prospects, and product and service offerings, including new product launches and potential
clinical successes. Such statements are based upon the current beliefs and expectations of management and are subject to
significant risks and uncertainties that could cause actual outcomes and results to differ materially. For a list and
description of some of such risks and uncertainties, see our periodic reports filed with the SEC. These factors should not
be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in Zimmer
Biomet's filings with the SEC. We disclaim any intention or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, except as may be set forth in our periodic reports.
Accordingly, such forward-looking statements speak only as of the date made. Readers of this news release are cautioned not
to place undue reliance on these forward-looking statements, since, while management believes the assumptions on which the
forward-looking statements are based are reasonable, there can be no assurance that these forward-looking statements will prove
to be accurate. This cautionary statement is applicable to all forward-looking statements contained in this news
release.
[1] Comparison of Compressive Force for Bone Staples, Lisa A. Ferra, Ph.D., OrthoKinetic
Technologies LLC and OrthoKinetic Testing Technologies, Southport, NC. Laboratory studies are
not necessarily indicative of clinical results.
345 E. Main St.
Warsaw, IN 46580
www.zimmerbiomet.com
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SOURCE Zimmer Biomet Holdings, Inc.